Enterprise Governance, Risk And Compliance Market Meets Compliance Needs

The global enterprise governance, risk and compliance (eGRC) market was estimated at USD 62.92 billion in 2024 and is projected to reach USD 134.96 billion by 2030, representing a compound annual growth rate (CAGR) of 13.2% over the period from 2025 to 2030. This growth is driven by organisations’ increasing focus on stabilising operations, enhancing transparency and reducing costs through the adoption of eGRC frameworks that integrate governance, risk management and compliance across business functions.

Key Market Trends & Insights

• In 2024, the North American region held the largest market share with a revenue share of about 34.0%.
• Among the component segments, the software segment dominated, accounting for nearly 65.0% of revenue in 2024.
• Within software, the risk management sub-segment held the largest share at close to 25.0% in 2024.
• On the services side, the consulting segment led with more than 38.0% revenue share in 2024.
• Large enterprises represented the dominant organisation size segment, capturing around 68.0% of the market in 2024.
• The BFSI (banking, financial services & insurance) sector held the largest vertical share at over 20.0% in 2024.
• The ESG (environmental, social and governance) application segment generated more than 30.0% of revenue in 2024, reflecting how sustainability and governance concerns are now central to eGRC deployments.

Market Size & Forecast

• Actual size in 2024: USD 62.92 billion.
• Forecast for 2030: USD 134.96 billion.
• Forecast CAGR between 2025–2030: 13.2%.

Growth of the market is underpinned by escalating regulatory pressures across regions, rising cyber-security threats and the growing complexity of global business operations. As organisations expand cross-border and deploy digital technologies, they face evolving risk landscapes — including supply-chain disruption, operational fraud and third-party management challenges. eGRC platforms are becoming strategic tools not just for compliance but for operational resilience and decision-making support.

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Key Companies & Market Share Insight

The competitive environment in the eGRC market is characterised by vendors offering broad portfolios of software and services, often leveraging artificial intelligence, cloud capabilities and vertical-specific solutions to differentiate. Firms such as Oracle Corporation, IBM Corporation, MetricStream Inc. and NAVEX Global, Inc. have introduced capabilities for risk analytics, policy automation and compliance orchestration.

A notable trend is the integration of AI/ML for predictive risk detection and automation of governance processes, helping organisations move from manual controls to dynamic, data-driven frameworks.

Services such as consulting and system integration remain critical, especially as organisations seek to embed eGRC into core operations and manage change across functions.

Key Companies List

• FIS
• Genpact
• IBM Corporation
• Maclear Global
• MetricStream Inc.
• Microsoft Corporation
• NAVEX Global, Inc.
• Oracle Corporation
• RSA Security LLC
• SAI 360 Inc.
• SAP SE
• SAS Institute Inc.
• Software AG
• Thomson Reuters
• Wolters Kluwer N.V.

Conclusion

In conclusion, the eGRC market is set for meaningful expansion from USD 62.92 billion in 2024 to nearly USD 134.96 billion by 2030, driven by a CAGR of 13.2%. Key drivers include stronger regulatory mandates, heightened cyber-risk awareness and the shift from siloed governance tools to integrated platforms. The dominance of software, especially risk management modules, coupled with large-enterprise adoption and North America’s leading regional position, define the current state of the market. Meanwhile, the prominence of consulting services, ESG-focused solutions and vertical-specific use cases highlight evolving buyer needs. With major vendors continuously innovating and expanding their offerings, eGRC is evolving into a strategic enabler of enterprise resilience and governance rather than merely a compliance function.

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